Iggy Tan

Altech Raises A$2.8 Million In Stock Purchase Plan

Altech Raises A$2.8 Million In Stock Purchase Plan

Australian innovator Altech Chemicals Ltd. announced yesterday that the stock purchase plan that ended last week received applications from current shareholders to purchase A$2.8 million in new stocks. Altech said the stock purchase plan sold individual shares for A$0.0975 each through Friday...

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Altech Share Purchase Program Raises A$4.3 Million For High-Purity Alumina Plant

Australian innovator Altech Chemicals Ltd. announced yesterday that a recent share purchase program (SPP) raised A$4.3 million, bringing the firm that much closer to putting its plans for the commercial production of high-purity alumina (HPA) into effect. Per the company, the late SPP involved existing shareholders who purchased the shares at A$0.165 per share. The […]

Altech To Raise A$20 MM As Construction At Johor Alumina Plant Begins

Australian innovator Altech Chemicals Ltd. announced yesterday the launch of two share offerings that are expected to raise A$20 million to complete engineering and begin construction of the firm’s high-purity alumina (HPA) plant in Johor, Malaysia. Per the company’s announcement, Altech has received around A$17 million in share placements for an offering of shares at […]

Altech Inks US$60 MM Stream Finance Deal for High-Purity Alumina Project

Australian innovator Altech Chemicals Ltd. announced yesterday that the firm has landed a non-binding term sheet with a United States investment group for a US$60 million stream finance facility supporting its high-purity alumina (HPA) project. Per Altech, the unnamed financier has agreed to advance Altech the US$60 million facility up front for a percentage of […]

Altech Closes Purchase of Mining Lease Freehold Land in Western Australia

Australian innovator Altech Chemicals Ltd. took to the Internet yesterday to announce the closing of a purchase by its subsidiary Altech Meckering Pty Ltd of approximately 227 acres of freehold land encompassing its mining lease in Western Australia. The firm, who announced last fall the exercise of its option to purchase the land upon which […]

Altech Mulling Mezzanine Debt Package And Joint Venture to Fund High-Purity Alumina Project

Australian innovator Altech Chemicals Ltd. announced a quartet of positive financial and business-related developments in an update the firm released to investors earlier this week. The firm advised that it continues to work toward completing certain conditions precedent to closing upon a US$190-million senior-debt package to which it agreed with German state-owned bank KfW IPEX-Bank […]